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Spa Industry Research on Cambodia and South Africa Released
Posted: June 26, 2008
Intelligent Spas has released a spa industry survey report for Cambodia, which identifies that this small but emerging market delivered services to almost 200,000 spa visitors during 2007, generating an estimated $6 million in revenue.
“We are pleased to provide benchmarks to such a young industry and hope they will help form a solid foundation for growth and performance not only for spa facilities, but also for suppliers and other types of business who aim to achieve business success within Cambodia’s spa industry,” explained Julie Garrow, managing director of Intelligent Spas.
The new Cambodia Spa Benchmark Report 2007-2010 presents the results of one of the country’s first official spa industry surveys and provides financial and performance benchmarks such as revenue, visitor numbers and employment, as well as key benchmark ratios including daily revenue per spa, revenue per square meter and average revenue per visit, which are critical for reliable business planning.
Current industry trends observed by spa owners and managers and profile benchmarks detailing infrastructure, business models, treatments and pricing are also included in the report. Other key industry statistics include · Of the 35 authentic spa facilities operating in Cambodia, 34% of spas were standalone day spas and 66% were destination spas co-located with accommodation. · During 2007, the spa industry employed approximately 400 people. · The spa industry is forecast to grow by 14% between 2008 and 2010.
Additionally, Intelligent Spas has also published the results of a spa industry survey conducted in South Africa , where estimated revenue generated by spa facilities in 2007 was approximately $46 million and employment experienced growth of 32% between 2006 and 2007.